Is the business good?
How good a business is AGCO?
AGCO Corporation earns 7.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
7.8%
Return on invested capital · cost of capital 9.0% · 1.2 points below what the capital costs: growth destroys value
- Operating margin
- 6.0%
Operating margin · Farm & Heavy Construction Machinery median 9.2% · 12 months to Q1 2026
- Cash conversion
- 0.71×
Cash conversion · some of the reported profit has not turned into cash yet
- Share count, year on year
- −2.7%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 6.6% |
| FY2021 | 9.0% |
| FY2022 | 10% |
| FY2023 | 12% |
| FY2024 | −1.1% |
| FY2025 | 5.9% |
Details›
- Gross margin12 months to Q1 2026
- 25%
- Operating margin12 months to Q1 2026
- 6.0%
- Net margin12 months to Q1 2026
- 7.4%
- Free cash flow margin
- 5.3%
- Revenue, trailing twelve months
- $10.4B
- Free cash flow, trailing twelve months
- $546M
- Net income, trailing twelve months
- $771M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Farm & Heavy Construction Machinery
Ranks #6 of 12 by Smart Score